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John 19, --- and I do appreciate the PR and I rather think that Lanza didn't write this one --- but I still don't get how Frohling gets to decide what PRs are issued, etc. Or why he is even around. Leaves the impression that Joe --- until he can be bought out --- is still calling the shots.
John 19, what is the significance of August 15th?
John 19, I spoke to Lanza once, a couple years ago. He told me that the audit would be completed in just a couple weeks. That was the last time I will ever call him.
Well, whatever. But we are way down on huge volumn. Looks to me like no one really believes Lanza is gone, just a few posters on this Board.
I agree Downpenny. This bit about Frohling holding up PRs makes no sense, unless Lanza is still calling the shots.
Spunky, how could Frohling hold up PRs? That don't make any sense. He is not a Board Member.
If Fhroling is holding up PRs, does that mean that Joe is still running things???
John 19, that would be a start. We all need to see that Joe is not going to be calling the shots.
I don't agree that things have changed. We have seened this all before with Lou's Board. Unless Lanza is not the majority shareholder, etc., nothing has changed that will attrack investment to this company.
So, no, nothing of consequence has happened. Just another game in my honest opinion. And history is on my side of the arguement.
Spunky, yesturday you were on Yahoo posting sentiments similar to mine...
John 19, I tried to talk with the new Board Member, Mr. Watson, per his posted #. But he was not taking calls from share holders. Which makes you wonder why his number is even posted???
Look, what is the # 1 question that everyone wants answered? Is Lanza still in control. But the new Board will not answer that question. And why? Well, almost certainly because Lanza is still the majority shareholder and can if he wants fire the new Board.
John 19, to answer your question, "...do I really believe they would allow Lanza to pull the same thing again...." Yes, I do. This is what Lanza has done all his life. He dumped Lou's Board, right? But more important than what I believe is what potential investors believe. Who do you think is going to invest in BD with Lanza still on the Board, still the majority share holder, and able to replace the Board when he decides it is time? Ain't going to happen. Lanza is not bankable and neither is BD with hims still in control. I've read the PR many times and I don't see any difference between now and when Lou's group ran the Board. And Lanza called a meeting and replaced them.
Just look at the whole PR mess, how it was distributed. Looks just like another Lanza mess.
And it is not just me that sees this an another Lanza scam. We are at .03 and going lower. The game is just about over.
Kenco, is there any verification anywhere of what if anything that BD actually owns???
Lanzamustgo, what is this about paying off Lanza? I thouht you said he was gone?
Seems to me that Lanza is still in control. He is one the Board, and by all accounts still the majority shareholder. He ousted Lou's Board a few months back and presumably can oust the new Board when he decides.
But all of that aside, the truth of how is running the Board is easy to dtermine, if there is no new investment, then Lanza is still in control. And as of now there is no indication that there is any new investment. Moreover, the new Board has to date done a terrible job --- just what you would expect if Lanza was still in control. No, there is nothing to be happy about here, just Lanza pullin off his latest.
And of course the new Board might just all be about the court case anyway.
As I've said many time, BD is all lies all the time. Never changes. The only thing to do is work to get the SEC to shut them down.
Lanzamustgo, please note that BDGR is owned and operated by the notorious Joe Lanza, a convicted felon and career stock scammer. BDGR is all lies all the time. I challenge you to find me even one remotely true PR.
You should stop promoting a BDGR deal. This is almost certainly a Joe Lanza scam.
John 19, where do you get your information about a BD deal. All of myu sources tell me there is no deal. Please tell us.
Shareholder, what deal are you talking about? Where do you get your information. There is no deal to be seen, yet you and others keep talking about one.
Again, what are your sources of information? Thanks
Be careful about BD. I'm predicting that next week will look a lot like this week. With a lot of talk on the Board about a deal --- of course the deal never happens ---and then a big sell off mid week as the insiders dump more shares, and the price rebounding late in the week again. Look for the patern. Good luck folks and remember, BD is all lies all the time. That you can count on. If anyone says anthing to the contrary, challenge them to show you an honest PR.
Regarding BDGR, if you perform DD on Google and look up Joe Lanza --- who owns and operates BD --- you will find the following. This is important DD. Good Luck.
Press Releases
Press Release Source: Larry Grossberg
Updated News for Black Dragon Shareholders
Friday October 12, 2007
New York, NY - OCTOBER 12, 2007- Update on Black Dragon Resource Companies, Inc. (Other OTC: BDGR.PK)
My associates and I have been contacted by many shareholders, as well as sources of company activities and the information collected to date has been an eye opener. In brief, we can hardly believe the magnitude of the possible breach of SEC, civil and criminal laws by parties operating BDGR, or others associated with them.
Further, from the severe personal losses and temperature of shareholder discontent noted on public BDGR chat rooms such as www.Investorshub.com and www.Ragingbull.com one can only assume that it will only be a matter of time before BDGR and its current management face multiple agency investigations.
Needless to say, if honest and experienced management is not installed within the next few months to reign in the purported mismanagement of BDGR, we firmly believe from our collective business experience, that BDGR's operations could suffer dramatically from such continued mismanagement and agency intervention.
The following is some of the information that we believe, according to reputable sources and lawsuits, explains the basic operational methods of the company's present management.
1. To start, the company is run by "Joseph Lanza" a convicted felon who at times, employs and networks with other disreputable people, which in our opinion is the foundation for an out of control "pump and dump" scheme.
See Addendum (Parts 1, 2, 3 & 4) "Factual Background", "pump and dump", "Lanza", "transferred leases").
2. Recent Court filings suggest that many leases purported to be owned by Black Dragon may in actuality not be the property of BDGR. In addition, some leases owned by Black Dragon may incorporate Lanza and/or members of his family or associates, and possibly one outside board member as royalty or working interest holders, thereby reducing the gross or net income from the leases that would be normally reflected as net income for BDGR.
3. We believe that Lanza and some of his associates knowingly influenced certain investors to purchase Black Dragon stock with false information and promises in order to run up the price and cash in their freely tradable stock issued for services performed, or in some cases, not performed with the knowledge that; a) the company couldn't deliver audited financials, b) that Lanza had prior and undisclosed securities violations and c) was surrounded by predatory promoters and d) many times issued misleading press releases.
Reasonable due diligence of public records on many of the parties connected to this "pump and dump" scheme would reveal a history of securities or other related violations. 4. There appears to be, serious irregularities with the authorization of stock and certain notes to Lanza and his associates without any foundation other than to foster illegitimate control, greed and avarice. These instruments can seriously dilute the ownership of the common stockholders and imply a majority vote, when none may exist.
5. The drilling, maintenance and services of Black Dragon's wells are performed by companies controlled by Lanza and owned by family or associates, which may jack up the price for services rendered, perform unnecessary drilling and may even be allocating product and services to other entities. The Lanza family-related operations that perform these services are actually no more than other companys only desks away under the same roof, all more than likely under the influence of Lanza.
6. Although Black Dragon, via Lanza, continually hypes the stock with news releases, he constantly avoids telling the truth on a timely basis about all the negative news, such as: the accountant's Mallone & Bailey have reportedly discontinued their auditing services weeks ago or the accurate net income from the wells to BDGR.
7. There appears to be public re-sales of restricted stock under Rule 144K as well as sales of stock under Rule 504, by various insiders and promoters which do not follow the regulatory parameters and may therefore be Securities Act violations.
In review of the overall situation, we believe the only possibility for the stockholders to retain any value in their investment is to wrest control from Lanza and his associates and under present conditions that is a strong possibility within the protective features of Delaware Corporate Law.
However, this will not assure the success or profitability of the company, as the fundamental guts of the company may have been stripped away and expensive, long term court procedures to rectify the prior mismanagement may have to be applied for the return of misappropriated assets.
New management groups and concerned individuals are actively consolidating and some are comprised of several successful individuals who decree a transparent format. They are already discussing the alternatives to "Joe Lanza and Associates". This potential management team is finalizing the operational plan and an overview of objectives, complete with officers, advisory board and administration beneficial to the common shareholder and in addition, a "key investor" program which will be proposed shortly.
We would welcome your shareholder support for this endeavor.
Sincerely,
Larry Grossberg
ADDENDUM: Please review some excerpts from a public document
FACTUAL BACKGROUND
Lanza's Modus Operandi
1. Lanza acts like a professional con man. He has become a master at pumping a stock on the open market while siphoning away its resources to various companies owned either by him, his family, or front men. Typically, Lanza's modus operandi is to establish a public company offering shares on the OTCBB or Pink Sheet exchanges. As soon as shares of the public company began trading on the open market, Lanza, his family members, or one of his companies run by his front men, would enter "fconsulting agreements" creating an account payable on the public company's books. Lanza would then, through a variety of methods, pump the public company's stock, attempting to entice unwitting investors to purchase the public company's, usually worthless, stock. Once the company received funds, however, Lanza would insist that it be used to first repay him, his family members or front men. Oftentimes, since the public company had no cash to pay these fabricated debts, Lanza would instruct the company to issue stock in lieu of cash payment. If the stock price rose, Lanza, his family members or his frontmen stood to gain 200% to 1000% of their "investment" for doing little or nothing to enhance the company's value and even if the stock price did not advance, Lanza and his associates would receive cash for non-existent services or marked - up assets.
2. Lanza is a convicted felon. On April 2, 1997, he was convicted of tax evasion. Lanza was incarcerated for nearly a year at the Nellis Federal Penitentiary Center in North Las Vegas, Nevada.
3. Lanza's activities have not gone unnoticed by the SEC. On October 19, 2000, Lanza entered into a Consent Judgment with the SEC for making "false and misleading statements in the course of recommending the purchase of Members [Service Corporation] stock." He was required to disgorge $265,214 plus prejudgment interest of $239,085. Payment was waived, however, when Lanza provided an affidavit claiming that he was financially insolvent. The Commission's Complaint alleged that the majority of the money was funneled to Lanza's wife, Jayne Lanza. Lanza was permanently enjoined from violating Sections 5(a), 5(c), and 17(a) of the Securities Act, and Section 10(b) and rule 10b-5 of the Securities Exchange Act [JP1] .
4. A public company called OMDA is suing Lanza, members of his family, associates, Black Dragon and one director claiming that Lanza withdrew certain oil and gas leases from OMDA and transferred them to Black Dragon and other parties. Neither Lanza nor Black Dragon has responded to the most recent petition.
Contact:
Larry Grossberg
larryny@verizon.net
Source: Larry Grossberg
Does anyone know what BD's PINk Sheet rating is? I think it is next to last. In anycase, there is not enough public information available to conduct any kind of standard DD. Be careful about rumors about a pending deal. My sources all indicate that there is no deal pending. Good luck
Regarding all the recent BD news about a pending deal, please note that there is no verification or documentation of this. There are posters on this board and the Yahoo board who are doing their best to convince people that a deal is imminent. This has been going on for months. Please note --- and this is a statement of fact --- that BD is run by a convicted felon and career stock scammer, Joe Lanza.
If you want to fully undestand BD, review all of the past PRs. See if you can find any that can be supported as true. I will be posting more on this matter. Good luck everyone.
John 19, please note that my BD sources are telling me that there is no deal in the works --- that BD is all lies all the time. All of my inquiries have confirmed that there is no deal.
BDGRshareholder, yes, we are hearing from the comppany. The silence is deafening. What you are hearing is that there is no deal. Accept the fact, BD is all lies all the time.
Say it along with me, BD is all lies all the time. That is all you need to know. Now, can you hear what is being said???
John, yes, I have heard the fat lady sing. Enough of this from you. You have been promoting a deal for months now. It never happens. Just like the audit never happened. BD is run by a coinvicted felon, professional stock scammer.
BD is all lies all the time. I challenge you to find an accurate, honest PR in the last two years from BD. This story about a deal just derves to such in new investors and keep the prive from falling to zero. You should stop it.
If you want to promote a deal, then post verifiable information that can be documented.
I believe you Kenco. I believe you. Time is up. All the recent promotions, that is just a new story line. BD is all lies all the time. Joe is probably selling stock out the back door.
Lanzamustgo, more than anyone else you have stated that Lanza is gone, cooked, etc. After today --- if there is no PR to this effect --- you will be a bum.
Good luck. I hope you know what you are talking about...
Lanzamustgo, I sure hope you are right. Your credibility is now on the line. Tomorrow will tell. You will either be a hero or a bum. Here's wishing you luck...
You may well be right Kenco. If we don't hear anything tomorrow about new ownership, well, odds are that there will be no new ownership. Tomorrow will settle the question as for as I'm concerned.
I'm not the least bit interested in any PR from fat Joe. All lies all the time. The only PR I want to see is from new ownership.
Kenco, I disagree. For years Lanza has issued nothing but knowingly false PRs, and that it not legal. Now, can you get the authorities to enforce the law, well, that is another issue.
Yes, let's bury the past. Create an honest, bankable company run by professional oil men. The market will take care of the rest. Here's to hope...
Lanzamustgo, yes, anyone with honest intentions could make a success of BD. Here's hoping for a miracle...
Swordchaser, it is hard to argue with you, and you may very well be right. But oil is at 140 +. By all accouts Lanza weighs 400 pounds and is on oxygen. He could sell this thing and be done with it. Which makes a lot of sense. Of course, I not a criminal or a sociopath.
Kenco, a couple thoughts. Oil is at 140+ and probably going higher. If the bubble pops --- and there is more than a little speculation going on at the moment --- oil will probably fall back to 120 or so, before it begins its next rise. It is I think fair to say that oil in never going below 100 again. Which is more than Lanza ever expected.
Assuming BD has the assets indicated --- and this can't be known --- but asuming it is actually the case that BD owns something like the number of leases PRed, then the company has some value. Lanza, though, given that he is not bankable, is not able to realize BD's potential, and there lies his motivation for selling the thing and moving on. He just might end up with more money.
Regarding the hope for a BD deal, well, time will tell. From my point of veiw, the thing to look for is significant new investment. If there is, well, then that has to mean Lanza is gone. Because nobody is going to invest in this company with Lanza still running the show.
It just might be the case that it makes more sense for Lanza to go than to stay.
Peace Lou. All is well that ends well. I still own this thing, so at some deep level I suppose I still have some hope. So, against all better judegment, well, just maybe Joe will sell BD and move on, to federal prison perhaps. We will see...
Lou, in all fairness, the moderator ought to be some one a bit less partisian. There is no question but that John 19 qualifies as a pumper. And he also seems to be the last person that still listens to you.
Options, I think you have summed things up pretty well. But if there is hope, here is the possible rationale for Joe to sell. He just might own assets that are worth a lot of money. Given his history --- and why go it to that now --- he is not bankable. Nobody is going to make a major investment in BD with Joe in control. Consequently, there just might be interested buyers willing to pay Joe a signficant amount of money to go away. That would be a rationale for Joe to sell. He can take the millions and retire, far away from the law.
Hang in there Dragon Man. BD is all lies all the time!
I see that there are lots of new BD pumpers, but where is the deal? The month has come and gone. The only thing that holds true is that BD is all lies all the time. Count on it!
Oh no, your back. What, you saying this thing is goint to work out. Give it a rest.
Humble, you say you did DD on BD. I say that is impossible, BD is rated "STOP" by the Pink Sheets. Below is the Pink Sheet Exchange difinition of BD rating. DD is impossible.
"Indicates companies that are not able or willing to provide disclosure to the public markets - either to a regulator, an exchange or Pink OTC Markets. Companies in this category do not make Current Information available via the OTC Disclosure and News Service, or if they do, the available information is older than six months. This category includes defunct companies that have ceased operations as well as 'dark' companies with questionable management and market disclosure practices. Publicly traded companies that are not willing to provide information to investors should be treated with suspicion and their securities should be considered highly risky."